Posts Tagged ‘owning gold & silver’



For those that don’t know him Gerald Celente is an entertaining man that just happens to be one of the most accurate trends forecasters of our time.  I’ve had the pleasure of following Mr. Celente for years and to be honest have made a little money by heeding his trend warnings.  If you have the chance to hear this energetic forecaster interviewed it won’t be long before he says something like, “When People Lose Everything, and They Have Nothing Left To Lose, They Lose It”.  Is it possible Mr. Celente is trying to enlighten readers with a glance into our future?  Even bigger, what does “it” have to do with owning gold & silver?

The New York Times bestselling book Aftershock devotes an entire chapter on How Not to Lose Money. One could assume these authors must feel we are losing it or they wouldn’t devote a chapter on losing money. I have to admit it’s one of my favorite chapters of the book. Unlike other typical economic books this one does more than point out today’s problems.  I recently heard a real estate expert say trillions of the world’s equity wealth has disappeared.  Does this mean we lost this wealth and it’s never coming back?  It appears we are still losing it if “it” is equity in our homes.

Our society has been fighting several domestic battles over the last decade. The war on drugs,  the war on poverty, and the war on no child left behind.  Are we winning any of these wars?  We must be losing it when we talk of poverty because the news of late is full of record numbers on food stamp assistance.  The news also said not since the Great Depression has so many children been homeless.  I guess you can say we are losing it when it comes to poverty and children. I haven’t seen the numbers but my gut says the war on drugs is not looking so good either.  What about inflation, are we winning “it” by printing our way to prosperity?

Our administration said JOBS is priority number one.  This was back in 2008/09 and two million jobs have disappeared since jobs became top priority. With millions more unemployed, millions underemployed, and millions giving up, I guess we can safely say we are losing the battle to create new jobs. We’re not trying to depress anyone here but simply taking a realistic look at today’s situation.  Remember, we can’t make wise choices if we don’t have the facts straight.  The fact is we along with most other countries are losing what ever “it” is.

But not everyone feels the way the facts show. They must not because I’ve noticed more new cars over the last month than over the last two years when driving around.  My radio said today there is no better time to buy a new home (interest rates are historically low).  My television said recovery, although slow, is growing our economy toward prosperity.  With all this good news we certainly can’t be losing it, can we?  Is it possible so many see our plight opposite of the facts?  Can the facts be wrong this time?

There is one more indicator for those still willing to test our theory of losing it. This last indicator is a beacon of truth even it the truth is something we don’t want to hear.  The same indicator carries no bias, no distortion between good or bad, and no opinion one way or another.  Yep, you guessed it right if you said gold & silver.  The reason I know we are losing it (whatever it is for you) is because gold is an issue.  If we were truly winning “it” we wouldn’t be discussing gold or silver.  Thousands wouldn’t read this site asking for more unbiased information.  We could sell our stash of gold and then do something fun with it.  The only reason to hold PM is to hedge against “it”.

This is our take so tell us yours.  Have you noticed others losing it or are we blowing the situation out of proportion?  Reach us here with your comments.

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QUESTION:  When I stop by our coin shop to buy the type of metal you recommend (gold & silver bullion) they never seem to have any in stock.  If the do it’s only an ounce or two.  Should I have them place an order for me since they said they will?  Not sure what to do at this point.

ANSWER: Thanks for the question and thanks for reading too.  Since the year-end dip coin shops are struggled to keep inventories on shelves.  The reason is most folks are like you, buyers, and few are selling.  As my shop owner said,  “90% of the metal goes out the door, not coming in.”  It might not be a bad idea to have your local shop place an order for you but it comes down to what they will charge for this service.  I would check with www.goldshark.com to compare online prices with shop prices.  If close, pick your local coin shop, you may need quick cash someday.  Thanks again.

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GOLD & SILVER, GOLD AND MONEY   No comments yet

Living in a fly over state my family has plenty of time to travel together to go anywhere. During a recent road trip my wife noticed a string of cattle following one after another heading only God knows where.  My wife commented, almost under her breath, that she wondered why and where the cattle were headed.  Many of us live our lives the same way when you think about it.  The assets we buy, the way we invest, even our education, all typical follow the next guy fashion.  The fact is, just like the cattle, the one in front has a plan but the rest are followers.  Followers’ hoping the one with a plan has a good one.

It is no secret that we are an advocate of owning gold and silver. The fact you are reading this is odd in itself seeing less than 1 or 2% of other human beings own physical gold/silver.  This tells me you are working your way to the front of the pack no longer content to follow, good for you! Unless reading by syndication, there are two boxes to your right identifying current dollar values of gold and silver.  By the way, thanks Gold Shark for providing them.  This may come as a shock but the dollar number represents very little as related to gold/silver’s true worth.

Modern day economics likes to put a number next to all assets. I’m guessing this is somehow meant to be an accurate gauge.  The problem is this “gauge of value” is misleading, manipulated, and out dated.  Gold and silver want no part of this false gauge of value and for good reason, it’s not accurate.  How’s it possible to use currencies like dollars or euros as an accurate indicator of value when twice as many now flow through our economy than just a few short years ago?  Do you want something as inaccurate as currencies to ride herd of your economic plan?  I don’t.

By nature we are naturally drawn to things that are real; real people, real diamonds, real good cooking, etc. Folks across the world are finding themselves questioning this “follow in place and don’t ask questions” way of investing and earning.  This is exactly why the numbers on the chart to your right are growing year after year.  Gold value will not double over the next few years because its intrinsic worth is increasing.  Gold will double over the next few years because more folks around the world will realize it to be a real source of savings and money.  Factor this realization with a limited supply and now you know why prices of metals will soar.

Kyle Bass is a very interesting character to say the least. If not familiar please Google his name and prepare to be entertained. Mr. Bass has made a fortune for both himself and investors by betting against the herd.  He’s candid how Europe’s crisis made him more money than most small towns earn in a year.  Kyle Bass made a killing investing in things that are real and betting against things not, all while knowing things government supported will crumble. If gold is not part of your plan I would like to ask one question.  Why?


I just can’t get past paying $1800 dollars for a tiny piece of gold.  I kick myself for not buying when it was $800 dollars but realize those days are long gone.  How do you know for sure gold will go up like it has over the last couple of years?


Thanks for the question. I don’t know what gold will do for sure (no one honest does) but do understand trends and the obvious.  You’re questioning gold’s unlikely big decline when other assets, in reality, are declining.  Think about this for a moment.  You are unwilling to buy gold because it might not meet expectations all while now invested (saving) in assets not meeting expectations.  The answer to your question is in the five paragraphs above it.

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Few are willing to call it but the facts show the 2011 economy is far from any form of a recovery.  Like a boxer past his prime, many industries are dying regardless of how much tax payer bailout money is thrown away.  The ones willing to accept this change strong enough to divest from dying industries and dying dollars have a much brighter future than ones that don’t.  Today we look over three dying industries and three emerging industries.  Once again, the facts aren’t what we want to hear but they are the truth.  The question, are dying industries stealing your money?



I recently had a lady email me saying she understood the benefits of gold but wanted to invest her savings in something with a long track record like stocks.  I guess 5000 years as real money is not long enough for this investor.  There are two reasons why Wall Street will soon decline and if your savings is here please listen up.  The #1 reason Wall Street is in danger of decline is many stocks are not worth what they sell for, not all of course but many.  Billions in bailouts have created a Wall Street bubble and its collapse will evaporate billions of dollars from hard-working citizens.  The second dagger for Wall Street is greed by exposing new crooks every time we turn on the news.


Gold and silver will see a major part of fleeing Wall Street money for many reasons but none more than boomers protecting a shrinking nest egg.  We recently posted how a majority of our seniors have no hope of ever retiring by admission.  It is difficult for some to believe an asset with a ten-year bull run is an emerging market but the truth is physical gold and silver is cheap compared to not so distant prices.  The next phase of precious metal buyers will find motivation by fear and self-preservation.  Combine this with a limited supply of physical metal and it’s not hard to see why many experts predict $2000 gold soon.



The Prospector Site has posted several examples of residential real estate for sale at 1/3 of replacement cost.  Think about this for a second, why would someone build new when an existing property can be bought 50% to 70% less?  This price decline coupled with huge inventories is playing havoc for all remotely related to new construction.  Case-Shiller Index recently stated our residential housing problems are many years away from improvement.  Those sitting on large inventories or equipment dependent on new developments may want to reconsider, quickly, these positions.


If you have been a homeowner for anytime then you know stuff around the house needs fixing.  Now I’m a handy guy but anything plumbing or electrical related and my first move is calling a pro.  Regardless of how bad our economy becomes there will be a need for quality service oriented repair companies.  Some contractors will easily slip into this emerging market but others will see it coming only after it’s too late.  Repair type business has many benefits including low overhead, low manpower, and low capital needed.  As we see more owner occupied property move into the rental category the need for repairs will be as large as ever.



The cattle ranching industry has a simple term, and I will paraphrase a little, by saying the source of the milk is dry.  Not only those dependent on entitlements but ones that draw a paycheck dispersing entitlements are at risk.  John Stossel ( see it here) recently reported how a Alabama town cannot pay pensions for retired municipal employees.  Imagine someone telling you thanks for 30 plus years and by the way we have no way to pay your pension.  History will show debt and entitlements broke the back of our current economy with some help from greed and stupidity.  Older or disabled folks will feel this pain the most as entitlements dwindle just as housing, food, and health care cost rise.  The saving grace of community churches, clubs, and organizations will step up just as government entitlements step down.  Your help will be needed.


By definition, independence means a sufficient income for comfortable self-support.  The one thing I love about owning gold and silver is how I usually feel the day’s bad news is pertaining to someone else.  Please don’t take that wrong because I’m all about helping others every way possible, in fact, gold and silver allow this to happen.  A dependence shackles those willing to succumb to a power of control therefore dependent on this power.  Let me give a few examples of how precious metal ownership breaks the shackles of dependency.  Inflation is powerless over gold and silver.  Declining real estate values are powerless over gold and silver.  Government deficits are powerless over gold and silver.  Social Security cut backs, Medicare cutbacks are powerless over gold and silver.  Your local bank closing is powerless over gold and silver.  Are you starting to see the point here?  Independence is the next big trend and the foundation to independence is a safe store of real money.


FORBES 16 Things I Wish I Knew About Money When I Graduated College

12. Never invest in anything you don’t understand. Otherwise, you won’t know what you’re buying; you won’t know when to sell; and you can’t accurately evaluate the advice you’re given.

15. The biggest financial risk you can take is to ignore your money, and do nothing at all.  Read more here.


FORBES:  10 Things Not to Do When Going Back on Gold

The lesson is to keep it simple. Properly run, you’ll see the gold standard deliver in huge fashion – in terms of growth, living standards, and the ability of people to save money that will hold its value. Populist results will come from hands-off policy.

It’s getting to be a distinct possibility that relatively soon, the major world currencies will make themselves convertible to gold once again.   Read more here.


MARKETWATCH:  Real-estate scam that’s devastating prices

WASHINGTON (MarketWatch) — Question: My neighbor in Palm Springs, Calif., who claims to have millions or more in the bank, let his home with a $1 million mortgage go into foreclosure. A real-estate friend of his bought it from the bank and is renting it back to him. After one year, my neighbor plans to buy it back. It affects me as a homeowner because now we have a home in our community that shows a sale price for $600,000, instead of the current market of $725,000. How do I report such activities? —J. McK.

Question: I am a real-estate broker in San Marino, Calif., that specializes in foreclosure and short-sale properties. Although Bank of America is a client of mine that I regularly represent in such transactions, I am interested in bringing to light an advertising campaign that I have found offensive and, dare I say, even racist? Any idea how we could get these ads some publicity that might make them a little more sensitive to their customers? —P.A.  Read the answer here.

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